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Apple didn’t need a tax cut to make this move. Apple can fill a hole the size of the Ogallala Aquifer with cash. They’re gonna have to start burning cash to make room for the new cash if they aren’t careful.
Big deal. High tech jobs coming into an already STUPIDLY wealthy city like Austin where renting a doghouse is $1500 a month should be expected. Austin doesn’t even need it. It already takes an hour to drive 5 miles in Austin. Gimme a break.
What is Trump doing for Ohio, Wisconsin, Michigan, Iowa, Pennsylvania, and Indiana??? My homestate (Arizona) went for Trump too...what large industry are these tax cuts gonna bring us? What economic relief is he bringing dead spots like Kentucky, West Virginia, Mississippi, or the Dakotas? You know...places that desperately need these huge corporate tax cuts to trickle down to them.
This is year 6 out of a 10 year economic development contract with the state of Texas in exchange for 100% property tax rebate and other lucrative financial incentives. Given the economy at that time, this was a huge deal. Credit belongs to former Governor Rick Perry and former Austin Mayor, Will Wynn and for good measure, the Bush 2 Admin.
Apple has 90,000 US employees and intends to establish new sites in Seattle, San Diego and Culver City in LA County and add professional jobs in Pittsburgh, Boston, Bolder and Portland.
Interesting that it consistently chooses high cost of living, mostly left leaning, cities for sites for professional jobs.
“Apple said on Thursday that it would expand its operations in Austin, Tex., with a new $1 billion campus on the north side of the city that would nearly double the size of the company’s current 6,000-employee work force in the area
Apple had become synonymous with hoarding money overseas after deferring tax payments on its foreign earnings for years. In January, it said that it would increase its spending in the United States substantially after last year’s tax cuts led it to bring back most of the $252 billion it had stashed abroad.
The company said at the time that it planned to invest more than $30 billion in the United States over the next five years and to create 20,000 jobs by expanding its operations and adding a new campus.”
Apple didn’t need a tax cut to make this move. Apple can fill a hole the size of the Ogallala Aquifer with cash. They’re gonna have to start burning cash to make room for the new cash if they aren’t careful.
Big deal. High tech jobs coming into an already STUPIDLY wealthy city like Austin where renting a doghouse is $1500 a month should be expected. Austin doesn’t even need it. It already takes an hour to drive 5 miles in Austin. Gimme a break.
What is Trump doing for Ohio, Wisconsin, Michigan, Iowa, Pennsylvania, and Indiana??? My homestate (Arizona) went for Trump too...what large industry are these tax cuts gonna bring us? What economic relief is he bringing dead spots like Kentucky, West Virginia, Mississippi, or the Dakotas? You know...places that desperately need these huge corporate tax cuts to trickle down to them.
Bingo.
Apple had billions in the bank and this move in the works long before Trump.
What's Trump doin for the people in Michigan, Pennsylvania, Indiana, Kentucky, West Virginia, Mississippi, ...? These are the states where folks need help.
https://www.nytimes.com/2012/12/07/t...facturing.html On Thursday, Apple’s chief executive, Timothy D. Cook, who built its efficient Asian manufacturing network, said the company would invest $100 million in producing some of its Mac computers in the United States, beyond the assembly work it already does in the United States. He provided little detail about how the money would be spent or what kinds of workers might benefit.
So is this new announcement of this expansion part of the plans made back in 2012?
https://www.cultofmac.com/228343/tim...macs-in-texas/
During his appearance before the Senate Permanent Subcommittee on Investigations on Tuesday, Apple CEO Tim Cook revealed that Apple’s “Made-in-USA” Macs will be manufactured in Texas. The Cupertino company announced its plans to produce one of its Mac lines on U.S. soil last December, but until now, it was unclear where the process would take place.
https://www.nytimes.com/2012/12/07/t...facturing.html On Thursday, Apple’s chief executive, Timothy D. Cook, who built its efficient Asian manufacturing network, said the company would invest $100 million in producing some of its Mac computers in the United States, beyond the assembly work it already does in the United States. He provided little detail about how the money would be spent or what kinds of workers might benefit.
So is this new announcement of this expansion part of the plans made back in 2012?
https://www.cultofmac.com/228343/tim...macs-in-texas/
During his appearance before the Senate Permanent Subcommittee on Investigations on Tuesday, Apple CEO Tim Cook revealed that Apple’s “Made-in-USA” Macs will be manufactured in Texas. The Cupertino company announced its plans to produce one of its Mac lines on U.S. soil last December, but until now, it was unclear where the process would take place.
https://www.forbes.com/sites/jesseth.../#49067f96d79d
However, in hopes of starting a trend in the modern manufacturing market, Cook believes after the new Mac project other companies will start looking into moving their operations here as well, saying, "The consumer electronics world was really never here.” He continued, “It’s a matter of starting it here." The one thing that is holding companies back? Apparently it's skill. Cook points out the U.S. education system isn't providing workers with the skills expected of them from modern manufacturing plants.
Sorry I keep finding articles.
I think this 2012 expansion was separate from's today explanation. I'm fascinated that in 2012 they didn't need federal tax breaks to expand but we seem to think in a booming economy in 2018 they would need a tax break for expansion in the USA. Hmmm -- funny --- isn't it.
Apple had plans to relocate since 2012, the campus was completed in 2014 to 2015. relocation of jobs was ongoing prior to the 2016 election. They are taking advantage of bringing profits from Europe and Asia to USA for essentially no tax.
There is little room to expand in Silicone Valley and likely cost prohibitive, especially if they move assembly lines to the US. This new announcement might mean all those talented people graduating with STEM degrees in Texas might be able to stay in a lower cost state and still make excellent pay.
Last edited by Daryl_G; 12-13-2018 at 11:37 AM..
Reason: Context
Apple didn’t need a tax cut to make this move. Apple can fill a hole the size of the Ogallala Aquifer with cash. They’re gonna have to start burning cash to make room for the new cash if they aren’t careful.
Big deal. High tech jobs coming into an already STUPIDLY wealthy city like Austin where renting a doghouse is $1500 a month should be expected. Austin doesn’t even need it. It already takes an hour to drive 5 miles in Austin. Gimme a break.
What is Trump doing for Ohio, Wisconsin, Michigan, Iowa, Pennsylvania, and Indiana??? My homestate (Arizona) went for Trump too...what large industry are these tax cuts gonna bring us? What economic relief is he bringing dead spots like Kentucky, West Virginia, Mississippi, or the Dakotas? You know...places that desperately need these huge corporate tax cuts to trickle down to them.
Just mentioned similar in another post before I saw your post.
Apple is the direct employer of 90,000 in the US and claims to be responsible for more than 2 million jobs when contractors, suppliers and other indirect employers are counted. They prefer to make large commitments for highly competitive professional jobs in high cost of living, left leaning cities rather than the so called flyover country or deep South or sparsely populated states with lower cost of living. Why is this?
I am thinking they understand skilled professionals generally prefer to live/ work in certain large metro areas than in more affordable parts of the country which then makes these metro areas even more costly to live in.
This leaves left leaning cities like Indianapolis too often scrambling to keep the likes of Carrier from shipping factory jobs to Mexico, which for the most part they did, anyway.
Then again, Foxconn ( critical Apple supplier) had been sniffing around the left leaning, gelatin Elysee high cost of living, greater Milwaukee area for years, long before Trump. They acquired venture capital financing from some unusual sources, including a Chicago metro healthcare system, an insurer and Johnson Controls which actuallly makes sense.
That it cost the state what it did and will, in terms of incentives continues to put a serious damper on the whole thing. Wisconsin is a habitually swing state and seems to prefer a Governor from the party of whomever sits the oval. Walker lost his bid for a third term.
I don’t generally attribute corporate site selection to any President or policies. It’s state to state and within state.
Why did Amazon choose high cost of living NY and Virgina over all others?
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